World Economic News

Canadian economic growth slowed in July amid a decline in the housing market, a leading economic index shows.

The world’s tenth largest economy grew 0.4% last month, down from 0.7% in June, according to Statistics Canada.

Sales of durable retail goods declined, while the manufacturing sector saw a 2.2% growth in durable goods orders.

The Canadian leading index of 10 economic components has averaged 0.9% growth… more...

Canadian manufacturing sales have risen for eight consecutive months

Canadian manufacturing sales saw gains in May but other signs added to the impression of a drawn-out economic recovery.

Factory shipments rose 0.4 percent in April - twice the amount expected… more...

The Bank said it remained cautious about the global economy

Canada has become the first member of the G7 group of industrialised nations to raise interest rates since the global financial crisis.

The Bank of Canada has increased its key lending rate by one… more...